Take-Two expects Grand Theft Auto 5 to sell 18 million copies in its first year

May 31st, 2013, 00:35 Posted By: wraggster

Take-Two CEO Strauss Zelnick expects the highly anticipated Grand Theft Auto 5 to sell an astounding 18 million units in its first year.Will GTA5 set the world on fire, or make a monkey of Take-Two?

The executive made this estimate at today's Technology, Media and Telecom Conference, as reported by financial services company The Cowen Group.Evidently, Grand Theft Auto 4 sold 25 million units to-date, and the current-gen console install base is now three times what it was when that game launched. While Zelnick didn't say exactly how many pre-orders GTA5 had, he noted that it's been doing "very, very, very, very, very, very well." That's six "very"s, which I like to think is some subconscious homage to Terry Cavanagh's VVVVVV, but almost certainly isn't.When asked about the rumoured used game tax that Microsoft - and possibly Sony - could use to limit the spread of the second-hand market, Zelnick replied that such a tax could represent a highly profitable source of revenue, but this could have negative implications for GameStop. The Cowen Group's report noted that GameStop accounts for nearly half of new game sales on PS3 and Xbox 360 in the US, so if the retail chain struggles, this could potentially lead to fewer new games being sold as well.

http://www.eurogamer.net/articles/20...its-first-year

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